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Fly News Breaks for March 19, 2019
WMB
Mar 19, 2019 | 09:19 EDT
Jefferies analyst Christopher Sighinolfi believes Williams' transactions, where it acquired Momentum's UEO stake and dropped its 100% UEO and OVM positions into a newly formed joint venture with CPPIB, offer several positives. However, key details are still unknown and Williams' accounting may overstate leverage benefits, Sighinolfi tells investors in a research note. As such, the analyst thinks more details are needed in order to ascertain the full picture. He keeps a Buy rating on Williams with a $32 price target.
News For WMB From the Last 2 Days
WMB
Apr 18, 2024 | 16:26 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
WMB
Apr 18, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
WMB
Apr 18, 2024 | 04:53 EDT
Wolfe Research downgraded Williams to Underperform from Peer Perform with a $34 price target. The company "has had challenges" with a disappointing 2024-2025 outlook in February, weak gas prices, and large gas production cuts, the analyst tells investors in a research note. Despite this, the stock has kept pace with peers year-to-date on early hopes for a gas recovery and data center buzz, says Wolfe. The firm cites relative valuation for the downgrade.
